Stock Based Compensation

3 Months Ended

Mar. 31, 2016

Disclosure of Compensation Related Costs, Share-based Payments [Text Block]

Stock-Based Compensation

The following table summarizes the Company's pre-tax compensation expense and related income tax benefit for the three months ended March 31, 2016, and 2015 related to the Company's performance units and restricted stock.



	Three Months Ended March 31,
(In millions)	2016		2015
Performance units
Total shareholder return	$	1.1	$	1.9
Earnings per share	0.6		0.5
Total performance units	1.7		2.4
Restricted stock	—		—
Total compensation expense	1.7		2.4
Less: Amount paid by unconsolidated affiliates	—		0.3
Net compensation expense	$	1.7	$	2.1
Income tax benefit	$	0.6	$	0.8

The Company has issued new shares to satisfy restricted stock grants and payouts of earned performance units. During the three months ended March 31, 2016, there were no shares of new common stock issued pursuant to the Company's Stock Incentive Plan related to restricted stock grants (net of forfeitures) and payouts of earned performance units. During the three months ended March 31, 2016, there were 901 shares of restricted stock returned to the Company to satisfy tax liabilities.

The following table summarizes the activity of the Company's stock-based compensation during the three months ended March 31, 2016.



	Units/Shares	Fair Value Per Share
Grants
Performance units (Total shareholder return)	280,604	$	20.84
Performance units (Earnings per share)	93,533	$	26.59